RNS Number : 7758Y
Noida Toll Bridge Co. Ltd.
29 January 2014
Noida Toll Bridge Company Limited
("NTBCL" or the "Company")
Regd. Office: Toll Plaza, DND Flyway, Noida 201 301, Uttar Pradesh, India
3rd Quarter Results
The Board of Directors of Noida Toll Bridge Company Limited (NTBCL) has today approved the Company's unaudited results for the nine month period ended December 31, 2013 under Indian GAAP.
NTBCL has reported a PBT of Rs. 591.15 million for the nine month period ended December 31, 2013 as against Rs. 483.26 million in the corresponding nine month period of the previous year. The increase in PBT is mainly attributable to the increase in Toll Tariff with effect from April 1, 2013.
The profit after tax for the current nine months ended December 31, 2013 was Rs. 386.15 million compared to Rs. 308.43 million for the corresponding period of the previous year.
For further details please contact:
Noida Toll Bridge Company Limited
Harish Mathur
00 91 120 2516380
Cairn Financial Advisers LLP
Sandy Jamieson
00 44 207 148 7900
About the Company
NTBCL is a special purpose vehicle promoted by Infrastructure Leasing and Financial Services Limited, a specialist financial institution focusing on the development and financing of infrastructure, to construct and operate the Delhi Noida Toll Bridge on a build, own, operate and transfer basis. The Delhi Noida Toll Bridge is a tolled facility connecting Noida to South Delhi across the Yamuna river. The Company's principal business is operating the bridge and the Company generates revenues mainly through the levy of toll charges on users of the bridge.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS PERIOD ENDED DECEMBER 31, 2013
(Rs. in Lacs)
(Rs. in Lacs)
Sl. No.
Particulars
Quarter ended
Period ended
Year ended
31.12.2013
30.09.2013
31.12.2012
31.12.2013
31.12.2012
31.03.2013
(Unaudited)
(Audited)
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
1
Income from operations
3,106.13
2,927.41
2,749.84
8,891.44
7,773.49
10,606.43
Total Revenue
3,106.13
2,927.41
2,749.84
8,891.44
7,773.49
10,606.43
2
Total Expenditure
a)O & M Expenses
281.91
248.54
234.70
785.91
690.09
953.92
b)Employee Benefit Expenses
63.02
71.18
61.42
200.54
184.96
245.56
c)Legal and Professional Charges
64.51
50.39
60.44
189.70
171.11
305.50
d) Rates & Taxes
156.95
296.37
126.17
575.37
359.18
503.62
e) Depreciation/Amortisation
47.92
50.24
45.80
148.91
137.18
182.72
f) Overlay
36.40
204.03
177.49
468.95
744.15
906.38
g)Other expenditure
66.92
71.13
54.94
194.43
147.68
331.29
Total Expenditure
717.63
991.88
760.96
2,563.81
2,434.35
3,428.99
3
Profit from Operations before Other Income, Finance cost & Exceptional items (1-2)
2,388.50
1,935.53
1,988.88
6,327.63
5,339.14
7,177.44
4
Other Income
140.75
120.86
93.18
380.11
559.23
697.32
5
Profit from ordinary activities before Finance Cost & Exceptional items (3+4)
2,529.25
2,056.39
2,082.06
6,707.74
5,898.37
7,874.76
6
Finance Cost
143.69
458.37
240.10
796.20
1,065.80
1,283.60
7
Profit from ordinary activities after Finance Cost but before Exceptional items (5-6)
2,385.56
1,598.02
1,841.96
5,911.54
4,832.57
6,591.16
8
Exceptional items
-
-
-
-
-
-
9
Profit from Ordinary Activities before tax (7-8)
2,385.56
1,598.02
1,841.96
5,911.54
4,832.57
6,591.16
10
Tax Expenses
920.00
500.00
587.33
2,050.00
1,748.23
2,379.83
11
Net Profit from Ordinary Activities after tax (9-10)
1,465.56
1,098.02
1,254.63
3,861.54
3,084.34
4,211.33
12
Extraordinary items (Net of tax expense)
-
-
-
-
-
-
13
Net Profit for the period (11-12)
1,465.56
1,098.02
1,254.63
3,861.54
3,084.34
4,211.33
14
Paid-up equity share capital
(Face Value Rs 10)
18,619.50
18,619.50
18,619.50
18,619.50
18,619.50
18,619.50
15
Paid-up Debt Capital
N/A
N/A
N/A
4,154.26
8,849.18
7,679.55
16
Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year
N/A
N/A
N/A
34,106.23
31,296.09
30,244.69
17
Debenture Redemption Reserve
N/A
N/A
N/A
420.61
334.55
353.95
18
Earning Per Share (before extraordinary items)
a
Basic
0.79
0.59
0.67
2.07
1.66
2.26
b
Diluted
0.79
0.59
0.67
2.07
1.66
2.26
Earning Per Share (after extraordinary items)
a
Basic
0.79
0.59
0.67
2.07
1.66
2.26
b
Diluted
0.79
0.59
0.67
2.07
1.66
2.26
19
Debt Equity Ratio
N/A
N/A
N/A
0.08
0.19
0.16
20
Debt Service Coverage Ratio (DSCR)
N/A
N/A
N/A
1.51
1.85
3.16
21
Interest Service Coverage Ratio (ISCR)
N/A
N/A
N/A
8.42
5.53
6.13
A
Particulars of Shareholding
1
Public Shareholding
- Number of Shares
137,054,920
137,054,920
137,054,920
137,054,920
137,054,920
137,054,920
- Percentage of Shareholding
73.61%
73.61%
73.61%
73.61%
73.61%
73.61%
2
Promoters and promoter group Shareholding
a
Pledged/Encumbered
- Number of Shares
NIL
NIL
NIL
NIL
NIL
NIL
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
N/A
N/A
N/A
N/A
N/A
N/A
- Percentage of Shares (as a % of the total share capital of the company)
N/A
N/A
N/A
N/A
N/A
N/A
b
Non-encumbered
- Number of Shares
49,095,007
49,095,007
49,095,007
49,095,007
49,095,007
49,095,007
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
- Percentage of Shares (as a % of the total share capital of the company)
26.37%
26.37%
26.37%
26.37%
26.37%
26.37%
B
Investors Complaints
3 months ended 31-December-2013
Pending at the beginning of the quarter
-
Received during the quarter
50
Disposed of during the quarter
50
Remaining unresolved at the end of the quarter
-
Notes:
1
The above results have been taken on record by the Board of Directors at a meeting held on January 29, 2014.
2
The Company had only one business segment and therefore reporting of segment wise information under Clause 41 of the Listing Agreement is not applicable.
3
New Okhla Industrial Development Authority has initiated preliminary discussion with the Company to consider modification of some of the tems and conditions of the Concession Agreement. Pending final outcome of such discussions the accounts have been prepared based on the extant Concession Agreement and after considering technical and economic life of the Bridge.
4
Coverage Ratios has been Calculated as under ;
a)
Debt Equity Ratio = Total Debt/(Paid-up Equity Share Capital+ Reserves excluding Revaluation Reserve)
b)
Debt Service Coverage Ratio= Profit before Interest, Exceptional Items & tax / (Interest+ Principal Repayment)
c)
Interest Service Coverage Ratio= Profit before Interest, Exceptional Items & tax / Interest Expenses
5
Previous period figures have been regrouped / reclassified wherever necessary.
For and on behalf of the Board of Directors
Harish Mathur
CEO & Executive Director
Place: Noida
Date: January 29, 2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRTEAPFNASELEEF
